Nice — below is a compact, citation-backed market reference for the Blowing Agent market with a short company table (companies + role/value notes) and the sections you requested: Recent developments, Drivers, Restraints, Regional segmentation, Emerging trends, Top use cases, Major challenges, Attractive opportunities, and Key factors for expansion.

This versatile research report is presenting crucial details on market relevant information, harping on ample minute details encompassing a multi-dimensional market that collectively maneuver growth in the global Blowing Agent market.

Read complete report at: https://www.thebrainyinsights.com/report/blowing-agent-market-12793

This holistic report presented by the report is also determined to cater to all the market specific information and a take on business analysis and key growth steering best industry practices that optimize million-dollar opportunities amidst staggering competition in Blowing Agent market.

I used recent market reports, industry sites and regulatory sources — I cite the most load-bearing sources after the key paragraphs.

Quick market snapshot

• Market size estimates vary by methodology and scope (foam-only vs. all blowing agents). Recent reports put the global blowing/foam-blowing-agents market roughly in the USD ~1.3–5.3 billion (mid-2020s) range with CAGRs commonly quoted in the ~4–9% band depending on horizon and scope; many analysts split out a faster-growing HFO (low-GWP) subsegment. 

Key companies — reference table (company · HQ · role / value note)

Values here are qualitative role/positioning (leader / major player / specialist) based on industry reports and vendor coverage.

(If you want, I can convert the table to CSV/Excel and add company revenue figures where available.)

Recent developments

• Regulatory-driven technology shift — accelerated phase-down of high-GWP HFCs/HCFCs (Kigali Amendment / EU F-gas and similar national rules) has pushed major foam users and chemical suppliers to adopt low-GWP HFOs and non-fluorinated alternatives; suppliers (Honeywell, Chemours, Arkema, Daikin) reported increased HFO sales in 2023–2025 and stepped up capacity.

• HFO submarket growth — separate forecasts show the HFO blowing-agent subsegment growing faster than the overall market as closed-cell SPF and appliance sectors migrate away from HFCs.

• Geographic capacity & supply adjustments — producers are investing to expand low-GWP production and to secure regional supply (APAC capacity expansions cited in industry briefs).

Drivers

1. Energy-efficiency and building insulation demand — growth in construction and retrofits increases demand for polyurethane, polystyrene and phenolic foams that require blowing agents.

2. Regulatory phase-downs of high-GWP refrigerants/agents — drives replacement purchases and technology change toward low-GWP HFOs and non-fluorinated agents.

3. Automotive, appliances and packaging growth — sectors that use foam for thermal insulation, cushioning and lightweighting continue to expand.

Restraints

• Regulatory uncertainty & regional differences — staggered/regional phase-outs and court challenges in some jurisdictions complicate planning and slow uniform adoption.

• Higher cost of low-GWP chemistries (HFOs vs older HFCs/pentane) and the CAPEX required for reformulation of foam systems increase total transition cost for foam producers.

• Safety & handling concerns — hydrocarbon blowing agents (pentane, butane) are flammable; CO₂/water-based systems may require process changes, creating technical barriers.

Regional segmentation analysis

• Asia-Pacific (APAC) — often the fastest-growing region (China, India, Southeast Asia): large new construction volumes, expanding appliance manufacturing, and rising adoption of low-GWP agents (local producers increasing capacity). Many market reports flag APAC as growth engine. 

• North America — mature market with fast regulatory adoption (state/federal moves toward low-GWP closed-cell SPF) and large OEM/backlog demand. 

• Europe — strict regulations (EU F-gas) and strong retrofit/efficiency programs; high demand for compliant low-GWP solutions. 

• Latin America / MEA — smaller base today but increasing adoption as global suppliers expand distribution and local manufacturing grows. 

Emerging trends

• HFOs and HFO blends adoption — major shift to HFO-based blowing agents (low-GWP) in closed-cell SPF, rigid PU and appliance foams.

• Non-fluorinated alternatives growth — CO₂, water-blown chemistries and hydrocarbons (pentane) optimized for lower GWP and cost, especially where flammability can be managed.

• Formulation & process innovation — suppliers and foam formulators co-develop to maintain performance (insulation R-value, cell structure) while meeting new blowing agents’ physical properties.

Top use cases

• Building & construction insulation (rigid PUR/PIR panels, spray foam) — largest end-use in many reports.

• Household appliances (refrigerators, freezers) — rigid foam insulating jackets rely on compliant blowing agents.

• Packaging & cushioning (EPS/XPS) — especially polystyrene uses (pentane, CO₂ depending on process).

• Automotive (lightweighting / thermal management) — specialized foam parts and acoustic insulation.

Major challenges

• Price premium and cost pass-through — foam producers must balance higher raw material costs against competitive pricing pressures. 

• Transition logistics and reformulation timelines — adapting production lines, staff training and supply chains to new blowing agents is complex and time-consuming.

• Safety & regulatory compliance — flammability concerns for hydrocarbon blowing agents and complex classification/regulation for fluorinated alternatives raise compliance cost.

Attractive opportunities

• HFO and low-GWP product portfolios — manufacturers with early HFO capacity (Honeywell, Chemours, Arkema, Daikin) capture premium demand and retrofit contracts.

• APAC expansion & local manufacturing — building regional supply chains and technical service in high-growth APAC markets.

• Non-fluorinated/novel systems for cost-sensitive segments — development of safer hydrocarbon blends, CO₂ processes, and water-blown chemistries for commodity foam applications.

Key factors of market expansion

1. Regulatory clarity & harmonized phase-down schedules — predictable rules accelerate supplier investment and customer adoption.

2. Scale-up of low-GWP HFO capacity to meet demand and reduce price premium.

3. R&D in non-fluorinated alternatives & process adaptation (safer hydrocarbon handling, CO₂ capture/recycling in foam lines).

4. End-market growth (construction, appliances, automotive) and energy-efficiency regulations driving foam demand.

5. Supply-chain partnerships & localized distribution (regional players + global majors) to reduce lead times and logistics cost. 

Sources / notes

Most load-bearing references used above: MarketsandMarkets (market sizing / top players), Mordor Intelligence (market sizing and company list), IndustryARC / Persistence / Verified Market Research / MarketResearchFuture reports (regional growth, HFO submarket), and EU climate page (Kigali / F-gas context). See the following representative items for details:

If you’d like, I can:

• produce a one-page slide (PPTX) summarizing the table + bullets,

• export the company table to CSV/Excel with columns for HQ, segment focus (HFO/HFC/hydrocarbon/CO₂), and a short numerical “value” (e.g., estimated market role), or

• expand this into a full 10–15 page market brief with company revenue/volume estimates and annotated citations.

Which output do you want next?